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flag President Trump imposes 25% tariff on imported cars, risking trade wars and higher prices.

flag US President Donald Trump announced a 25% tariff on imported cars, aiming to boost domestic manufacturing and generate £77bn in annual tax revenues. flag This move could lead to higher car prices and reduced consumer choice, hitting middle and working-class households hardest. flag The tariffs could also strain global trade relations, with the EU and other allies considering retaliatory actions. flag The Irish economy faces significant risks, including increased unemployment and inflation, even without new tariffs. flag The situation has raised concerns about a potential trade war.

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